Income tax demand of Rs 35.13 crore for AY 2022-23, company to appeal
SAGILITY · price
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Sagility Limited received an income tax assessment order for Assessment Year 2022-23 with a total tax demand of Rs 351.3 million (about Rs 35.13 crore) including interest. The demand follows transfer pricing and other adjustments of Rs 1,079.9 million (about Rs 107.99 crore) made by the tax department on the returned income. The company believes the demand is not maintainable and plans to appeal before the Income Tax Appellate Tribunal within the prescribed timelines. The company states the order has no material impact on its financials, operations, or other activities.
Tax demand of Rs 35.13 crore is being contested through appeal; company says no material financial impact. Watch appeal outcome.